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Tax based on exorbitant CEO pay makes sense

Wednesday, February 22, 2017

By Steve Novick

For The Register-Guard

Over the past 40 years, economic inequality in the United States has skyrocketed. The richest 1 percent now receives about 20 percent of total national income, up from 10 percent in the 1970s. Most of the increase has actually gone to the super-rich, the top one-tenth of 1 percent…

One of the most dramatic examples of galloping inequality is exploding CEO pay. In the 1960s, the typical CEO of a large corporation made about 20 times what the median worker at that company made. Now, CEOs routinely make hundreds of times what the median worker makes…

In 2014, two members of the California Senate came up with an innovative idea: Apply a higher corporate tax rate to corporations with extreme ratios of CEO pay to typical worker pay…

As a member of the Portland City Council, I read about that idea and thought it was brilliant…

We Respond & Your Comments

Steve – We truly feel you feeling “The Little Guy’s” pain. And we’ll take you seriously when you start whining about:

  • George Clooney and other liberal actors making gazillions more than “The Little Guy” schlepping cables on their movie sets;
  • Barbra Streisand and other ageing pop stars earning tons more than “The Little Guys” adjusting their microphones;
  • Whoopi Goldberg and other liberal TV celebs taking home buckets more than the “The Little Guy” mopping the floor of her set.

Just one more thing, Steve – What is it that you so dislike about CEOs? Is it that they actually produce something? That they create jobs for “The Little Guy”? Think about it.


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